OCEAN POWER TECHNOLOGIES INC. - 1H - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Neutral between 4.77 USD and 5.17 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 5.17 USD. The first support is located at 4.77 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by osborncomp. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OCEAN POWER TECHNOLOGIES INC. rating 5.11 USD. The price registered a decrease of -5.72% on the session and was between 4.82 USD and 5.51 USD. This implies that the price is at +6.02% from its lowest and at -7.26% from its highest.4.82
5.51
5.11
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCEAN POWER TECHNOLOGIES INC.:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of OCEAN POWER TECHNOLOGIES INC. indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.15 | 4.01 | 4.63 | 5.11 | 5.17 | 5.84 | 7.30 |
| Change (%) | -38.36% | -21.53% | -9.39% | - | +1.17% | +14.29% | +42.86% |
| Change | -1.96 | -1.10 | -0.48 | - | +0.06 | +0.73 | +2.19 |
| Level | Major | Major | Minor | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.03 | 4.60 | 5.01 | 5.58 | 5.99 | 6.56 | 6.97 |
| Camarilla | 5.15 | 5.24 | 5.33 | 5.42 | 5.51 | 5.60 | 5.69 |
| Woodie | 3.95 | 4.56 | 4.93 | 5.54 | 5.91 | 6.52 | 6.89 |
| Fibonacci | 4.60 | 4.97 | 5.21 | 5.58 | 5.95 | 6.19 | 6.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.80 | 3.43 | 4.14 | 4.77 | 5.48 | 6.11 | 6.82 |
| Camarilla | 4.49 | 4.61 | 4.74 | 4.86 | 4.98 | 5.11 | 5.23 |
| Woodie | 2.85 | 3.45 | 4.19 | 4.79 | 5.53 | 6.13 | 6.87 |
| Fibonacci | 3.43 | 3.94 | 4.26 | 4.77 | 5.28 | 5.60 | 6.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.83 | -0.14 | 1.93 | 4.62 | 6.69 | 9.38 | 11.45 |
| Camarilla | 2.70 | 3.14 | 3.57 | 4.01 | 4.45 | 4.88 | 5.32 |
| Woodie | -3.13 | -0.30 | 1.63 | 4.47 | 6.39 | 9.23 | 11.15 |
| Fibonacci | -0.14 | 1.68 | 2.80 | 4.62 | 6.44 | 7.56 | 9.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.04 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.35 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 5.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.65 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 5.75 | |
| Zig ZAG (10): | 5.11 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 18.24 | |
| TEMA (21): | 5.15 | |
| Williams %R (14): | -78.20 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 1.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 13.34 |
| MA7: | 5.07 | |
| MA20: | 4.59 | |
| MA50: | 3.45 | |
| MA100: | 2.66 | |
| MAexp7: | 5.13 | |
| MAexp20: | 5.23 | |
| MAexp50: | 5.10 | |
| MAexp100: | 4.82 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +11.33% | |
| Price / MA50: | +48.12% | |
| Price / MA100: | +92.11% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +6.02% |
Quotes :
2021-02-11 20:59:59
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15 min delayed data
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News
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